Fed's Fischer confirms a hike in December
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Jim Devonport
Forex Worldwide
AUD/USD: It has been a choppy few days for the A$ after a strong domestic employment read last week provoked a rally, followed by upbeat comments from Fed member Fischer increasing market expectation of a US rate hike this year and eroding some of those gains. The A$ opens remarkably strong this morning and all eyes now turn to the RBA minutes tomorrow. AUD/NZD: Traded sideways throughout Fridays domestic session and with the weaker retails sales and Fed comments over the weekend presenting mixed results the NZD has stayed within a tight range. AUD/GBP: Sterling enjoyed a strong week and opens stronger. Inflation data out of the UK tomorrow will be key. AUD/EUR: As you would expect after the horror events in Paris the Euro has had a volatile few days. In the short term the Euro appears to have consolidated although with further QE expected from the Eurozone and the Fed looking to hike rates there is considerable risk to the downside for the common currency. FULL REPORT: (VIEW LINK)
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Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships.
Constantly travelling between the Australian and New Zealand offices, Jim’s primary aim is to assist business and high net worth clients on either side of the Tasman with their international money transfers and to effectively manage their foreign exchange risk. Jim happily does this with two main beliefs; the first is to not trying to make money from the financial markets, but protecting capital exposure by actively negating adverse market moves so thereby protecting your bottom line. The second is the use of a solid mix of spot and forward contracts, along with currency options when suitable, to help to create a watertight hedging strategy.
Jim is always glad to offer his guidance in any area of foreign exchange, or the financial markets as a whole, and welcomes the chance to meet with businesses or individuals for a brief chat or more detailed discussion.
Jim Devonport
E: jim@compassmarkets.com
T: 02 8039 1485
M: 0415 066 468
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Jim Devonport
Manager
Forex Worldwide
Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
Expertise
No areas of expertise
Jim Devonport
Manager
Forex Worldwide
Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
Expertise
No areas of expertise
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